Lion Electric to list on NYSE as 'LEV' through merger with special purpose acquisition company
By Jim Gibbins - 1st January 2021
Canada / USA – Electric truck and bus builder, Lion Electric Company of Saint-Jérôme, Québec, Canada has announced plans to merge with Northern Genesis Acquisition Corporation (NYSE: NGA), a publicly traded special purpose acquisition company based in Kansas City, Missouri, USA to establish a state-of-the-art vehicle manufacturing facility in the United States and to substantially expand its capacity.
On completion of the transaction, which is expected during the first quarter of 2021, a wholly-owned subsidiary of Lion will merge with Northern Genesis to be listed on the New York Stock Exchange (NYSE) under the new ticker symbol ‘LEV’.
